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🔗 Back to Summary. 🇫🇷 French Version: 2022R2114_FR.9. Back to Summary of LVL1. Open the PDF. Direct link to EUR-LEX.
Article 8 – Net annual income ⬅️ | ➡️ Article 10 – Annual financial commitments
Article 9 - Total of liquid assets
1.
The total liquid assets referred to in the formula laid down in Article 7 shall be calculated as the sum of the total cash held by a non-sophisticated investor on saving accounts and current accounts, and the value of assets that can be easily and swiftly converted into cash, including:
(a)
saving products that can be turned into cash within a maximum of 30 calendar days;
(b)
financial instruments negotiated on a regulated market within the meaning of Article 4(1), point (21), of Directive 2014/65/EU of the European Parliament and of the Council
;
(c)
shares and units of collective investment schemes offering redemption rights on at least a weekly basis.
2.
The following assets shall not be considered to constitute liquid assets:
(a)
real estate properties;
(b)
amounts paid to a pension scheme for occupational retirement purposes;
(c)
company shares which are not freely redeemable or transferable, including previous crowdfunding investments.